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Gerry Jacobs, a financial analyst for Best Value...




Gerry Jacobs, a financial analyst for Best Value Supermarkets, has prepared the following sales and cash disbursement estimates for the period August through December of the current year. Month Sales Cash disbursements August $400 $300 September500 500 October 500 700 November 600 400 December 700 500 Ninety percent of sales are for cash, the remaining 10 percent are collected one month later. All disbursements are on a cash basis. The firm wishes to maintain a minimum cash balance of $50. The beginning cash balance for October is $25. Prepare a cash budget for the month of October only, noting any needed financing or excess cash available.


Paper#2665 | Written in 18-Jul-2015

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